Totally agree with you moosey. There is an obvious sequence of announcements interspersed to lessen the significance of Paducah. There has been no technical Silex issues and Japan is starting to get traction so it appears to be a well planned strategy to lower the value of the Paducah agreement. I think this can only benefit one party.....
Maybe SK?
But I believe there may be another explanation?
I am no expert chartist, but looking at the SP and Volume, I like what I am seeing
Higher lows and higher highs recently, is that a pennant flag I see developing?
I reckon we have turned the corner at long last, is this large volume shorts covering? or is it something else?
There has been a hell of a lot of shorting recently as someone else pointed out, the tree was shaken, weak hands sold, I reckon the reason for the large volume over the last week or so, especially in the US was someone taking a position, it may be the same entity who was doing most of the shorting to get the SP down? but if it is the entity whom I suspect? then their main aim in shorting was to shake the tree, they would not be worried in the least about covering, they just want the shares IMHO.
If you look back over the last year, from up until April May we were trending sideways just above the two dollar level, with very little sales volume, then we see two director resignations one early in May another in late June (Chairman), we then get a please explain from the ASX on the 9th May? and another on the 19th May? all coincidence?
We then hear from Silex that they are going to implement a major strategic review? and then less than one month later we get an ASX announcement that GLE were restructuring due to market conditions?
I believe all of those things are connected in some way?
I believe there was more to this story that we weren't told anything about somehow?
I think there is a reason for the shorting and it's related to what we weren't told IMHO.
Even back on the 10th July Bank of New York Mellon started unloading shares, even before the announcement by GLE on the 24th July that they were slowing things down.
And guess where BNY Mellon are sitting now on the 22nd of September percentage wise? = 4.9991% which is only just by a small percentage margin just under the (5% rule) where mandatory reporting on holdings is required, strange about that?
Remember, the Fukushima Daiichi nuclear disaster happened well before this timeframe.
We were getting played for suckers I believe, I think this may be coming to an end soon just judging by the volume of sales (make that buying) over the last week or so
Here a a couple of charts to support my theory. look at the second chart, anyone want to bet that those red rings are not related to shorting and the subsequent fall in the SP (red rings) even the larger volumes back in May could also apply there?
Some may call me a conspiracy theorist? don't care really, I am observant and I also do remember things quite well, especially when it is related to my own Money/Investment.
(20min delay)